Value

Bitcoin

when

Rekt

Bitcoin’s recent price movements have brought attention to the $84,000 range, where a large amount of buying activity was recorded. This zone may now act as a key support level as traders assess whether the market has formed a new base.
<h2 id="heavy-accumulation-around-84-400">Heavy Accumulation Around $84,400</h2>
Data from Glassnode, shared by analyst Ali Martinez, shows that 300,648 BTC were acquired between $84,375 and $84,635 as of December 3, 2025. This level saw the highest concentration of accumulation during the recent pullback, making it a clear area of interest for long-term holders.
<blockquote class="twitter-tweet">
 300,648 Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> were accumulated around $84,400, making it a significant support level. <a href="https://t.co/i9FAqEpHMI" rel="noopener noreferrer nofollow">pic.twitter.com/i9FAqEpHMI</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1996732751953711285?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2025</a>
</blockquote>

Earlier this week, Bitcoin dipped below $84,000 following a sharp decline but quickly recovered. As of press time, BTC trades at around $91,300, showing a 2% decline over the past 24 hours, but a slight increase over the past week.
Meanwhile, the Long-Term Holder SOPR (30-day average) is currently at 1.40, based on on-chain data. SOPR above 1 means long-term holders are selling their coins at a profit. SOPR tends to fall below 1 during accumulation phases and near 0.50 at deeper cycle lows. Ali <a href="https://x.com/ali_charts/status/1996595094913208481?s=20" rel="noopener noreferrer nofollow">stated</a>,
<blockquote>
 “Dollar-cost averaging makes sense when SOPR drops below 1.”
</blockquote>
With SOPR at elevated levels, the data suggests the market is in a profit-taking phase, not one of heavy accumulation.
<h2 id="trendline-rejection-and-80k-support-in-focus">Trendline Rejection and $80K Support in Focus</h2>
Bitcoin saw its deepest pullback of the year, falling over 36% after being rejected by a long-term trendline, <a href="https://x.com/rektcapital/status/1996589776372187269?s=20" rel="noopener noreferrer nofollow">according</a> to analyst Rekt Capital. Previous rejections from the same trendline caused corrections of 32% and 14%, showing the strength of this resistance level.
Price support around $80,000 has held several times. Past rebounds from this area have reached 31% and 48%, though the current recovery stands at only 15%. Rekt Capital noted that if this bounce remains limited, it may suggest a weakening of the $80K support area.
<h2 id="double-barrier-ahead-trendline-and-fvg">Double Barrier Ahead: Trendline and FVG</h2>
Chart analysis from Titan of Crypto <a href="https://x.com/Washigorira/status/1996580398349070452?s=20" rel="noopener noreferrer nofollow">shows</a> Bitcoin facing a “double barrier” consisting of the 3-year ascending trendline and a weekly bearish Fair Value Gap (FVG). The price is currently below both levels.
This zone now acts as resistance. Bulls need to push through the trendline and close the FVG to reclaim momentum.
<blockquote>
 “This is where bulls need to show strength,” Titan said.
</blockquote>
CryptoPotato <a href="https://cryptopotato.com/is-bitcoin-near-a-bottom-early-indicators-point-to-yes-bitfinex-alpha/" rel="noopener noreferrer nofollow">reported</a> that recent price movements and market signals could indicate Bitcoin is nearing the bottom range of its current cycle. Traders are <a href="https://cryptopotato.com/bitcoin-tests-93-5k-again-heres-why-this-time-could-be-different/" rel="noopener noreferrer nofollow">monitoring</a> the $93,500 resistance level, which has been tested repeatedly in recent sessions, making it a key area to watch for a potential breakout or reversal.
The post <a href="https://cryptopotato.com/300000-btc-bought-at-84k-new-floor-for-bitcoins-price/" rel="noopener noreferrer nofollow">300,000 BTC Bought at $84K: New Floor for Bitcoin’s Price?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

300,000 BTC Bought at $84K: New Floor for Bitcoin’s Price?

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